Cisco Systems may fall to 44.50 - 45.40

49.7 is our pivot point.

Our preference

As long as 49.7 is resistance look for 45.4.

Alternative scenario

Above 49.7, look for 51.3 and 52.2.

Comment

The RSI is below 50. The MACD is above its signal line and positive. The break above the 50 area on the RSI should trigger further gains. Moreover, the stock is trading above its 20 day moving average (47.9165) but under its 50 day moving average (48.6828).

Supports and resistances

52.2 **

51.3 *

49.7 **

49.1

48.17 (USD-last)

46.3

45.4 **

44.5 *

43.6 **

Number of asterisks represents the strength of support and resistance levels.